LATEST UPDATES

DSEJ announces winter vacation in phased manner from Dec-11

Precious Kashmir 08/12/2023

Air quality remains ‘very poor’, Delhi records min temp of 9.4

Indo Asian News Service 08/12/2023

Cold conditions tighten grip in Kashmir, Pahalgam coldest at minus 4.8 degree Celsius

Precious Kashmir 08/12/2023

4 feared dead after vehicle rolls down into gorge on Zojila Pass

Precious Kashmir 07/12/2023

NIA attaches properties of 2 key LeT operatives in J&K

Precious Kashmir 07/12/2023

Srinagar cop injured in terrorists attack on Oct 29 succumbs at Delhi AIIMS

Precious Kashmir 07/12/2023

NIA attaches residential house in Awantipora village

Precious Kashmir 07/12/2023

Sgr records coldest night of season at minus 2.6 degree Celsius

Precious Kashmir 07/12/2023

Honoring Dr APJ Abdul Kalam: DIPR hosts inspiring Memorial Lecture Series in Jammu

Precious Kashmir 06/12/2023

Hoax bomb call triggers search at Jammu school, case filed

Precious Kashmir 06/12/2023

Unidentified man’s body found in Srinagar’s Dalgate

Precious Kashmir 06/12/2023

One person killed, 24 injured in minibus-car collision in Rajouri

Precious Kashmir 06/12/2023
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • Epaper
  • Video
Saturday, December 9, 2023
PRECIOUS KASHMIR
No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • Epaper
  • Video
Precious Kashmir
No Result
View All Result
Home Business

PMAY: H&UDD, financial institutions directed to improve performance under scheme

Precious Kashmir by Precious Kashmir
09/11/2021
in Business
1 min read
FacebookTwitterWhatsappEmail

By: Faizan Wani

Srinagar: The Jammu and Kashmir’s Union Territory Level Bankers Committee has observed that the performance under the  credit linked subsidy scheme (CLSS) of Pradhan Mantri Awas Yojana (PMAY) has remained unsatisfactory, asking both the  Housing & Urban Development and financial institutions to improve their performance under the scheme.

In its meeting held on September 20, the apex-level bankers’ committee observed that the performance under the scheme has remained unsatisfactory and expressed the need to analyse and overcome the impediments for facilitating the smooth financing under the scheme.

Under the credit linked subsidy component of PMAY, economically weaker sections and middle income groups get home loans at low interest rates.

In the meeting, the Housing and Urban Development Department, J&K government to increase sponsorship under the scheme.

The banks were also directed to take necessary measures for improving the performance under the PMAY scheme and clear all the pending cases by the end of the current financial year.

The participants of the meeting were informed that only 378 cases were sponsored during the period from April 1 to August 31 this year.

“The house was informed that against the sponsorship of 378 cases during the period from 1.4.2021 to 31.8.2021, banks have disbursed Rs.28.38 crore in favour of 261 beneficiaries which includes Rs.14.51 crores in favour on 66 beneficiaries directly taken and disbursed by banks during the said period,” reads record of the meeting.

It is worthwhile to mention that the J & K administrative council on April 23 this year approved interest free loan per beneficiary under beneficiary led construction (BLC) component of PMAY (Urban).

The Pradhan Mantri Awas Yojana (PMAY) is an initiative of the Government of India which aims at providing affordable housing to the urban poor by the year 2022. The scheme was launched on June 01, 2015. (KNO)

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to print (Opens in new window)

Related

Share196Tweet123SendSend
Precious Kashmir

Precious Kashmir

ePAPER

Precious Kashmir

Copyright © 2020 Precious Kashmir.

Navigate Site

  • Home
  • About Us
  • Contact Us
  • Advertise with Us
  • Terms of Service

Follow Us

No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • Epaper
  • Video

Copyright © 2020 Precious Kashmir.